Will Toronto’s Condo Price Relief Last? | Watch Today’s Real Estate Updates & Tips

Toronto condo sales plummeted 75% since 2022 as rates and costs surged in Q1.
Inventory hit a 20-year high with 57.4 months of unsold pre-construction units.
Avg resale condo prices fell 13.4%, from $1,045 to $812 per sq ft.
Over 50% of pre-construction units remain unsold, triggering widespread project cancellations.
Affordability gains may fade fast if demand rebounds before the supply pipeline recovers.